AirDNA Strikes Strategic Investment Partnership with Alpine Investors

Great news: We just accelerated our mission to inspire entrepreneurship and innovation through short-term rental (STR) data.

We’re so excited to announce today that AirDNA has reached a strategic investment partnership with Alpine Investors, a people-driven private equity firm specializing in software and services investments.

AirDNA and Alpine announce investment partnership to fuel STR entrepreneurship with best-in-class data tools

Terms of the private transaction were not disclosed, but the shared goal of the partnership is simple. With Alpine’s support, AirDNA will be able to enhance its data solutions, developing even more sophisticated tools for multiple industries, such as hospitality and real estate, while continuing to bolster its self-serve MarketMinder intelligence platform and enterprise data packages.

AirDNA has been a customer-obsessed company since day one. Helping you at every stage of your journey with the most accurate short-term rental data remains our unwavering priority, whether you’re a first-time Airbnb host, seasoned vacation rental manager, or market-conscious destination marketing professional. Nothing on these fronts will change.

We partnered with Alpine precisely because they share the same values and vision. For that reason, we are excited about the opportunities this allows us to enhance our solutions. This means arming hosts and investors with intuitive tools whose unparalleled data accuracy will allow for swift and undaunted decision-making in a fast-paced and competitive industry.

“Since its humble beginnings as four people in a garage, AirDNA has stayed true to its mission of opening opportunities through short-term rental data,” AirDNA CEO Scott Shatford said of the partnership. “We are proud to provide insights to hosts and also be powerful enough for enterprise organizations. Alpine immediately recognized the power of our platform. Alpine’s expertise in building software and data businesses, paired with their values-driven model, makes them the perfect partner. We are so excited for our next chapter of growth.”

An exciting new chapter in an ever-changing industry brimming with opportunity

Every error can cost when it comes to STR investments, which is why we at AirDNA have always taken tremendous pride in our second-to-none data accuracy. We aim to remove the guesswork from your business by showing clear pathways toward revenue growth. This is why industry leaders in tourism, hospitality, and real estate trust our custom reports, predictive insights, and optimization recommendations. And this is also why Alpine was motivated to join forces.

We dream big because we know you do, too. Providing actionable data to everyone, everywhere, is a core component of our company strategy.

As we expand our customer base, we will unlock new opportunities to create even smarter tools that entrepreneurs at all levels can leverage and integrate into their respective businesses as they see fit. And thanks to Alpine’s CEO Program—an in-house talent program that recruits, develops, and places emerging leaders into its portfolio companies—we have a new helping hand to do just that.

As part of the partnership, AirDNA is thrilled to welcome Demi Horvat as COO to scale the business to the next level with her wide expertise. Demi has deep experience in helping companies like Jet.com and Walmart eCommerce scale and maximize their value to customers. She’s also advised several software and hospitality companies.

Demi’s ability to provide strategic counsel and operationalize our team will make her an invaluable leader for AirDNA. She’s here to help shepherd us through our next evolution and growth stage. We’re particularly excited about her ability to galvanize our talented team.

Scott will continue as AirDNA’s CEO to lead global product strategy.

“The STR industry has shaken up the broader lodging and real estate industries, and it’s exciting to be in an area where change is creating so much opportunity for growth and innovation,” Demi said. “AirDNA has a proven track record of success. I’m delighted to be joining a company that aligns so closely with my values, and I’m excited to help expand the market-leading software they already offer.”

We’re so exhilarated about this next chapter for AirDNA, but we’re also overwhelmed with gratitude as we reflect on all of the customers and teammates who helped us reach this point in our story.

AirDNA was founded by Shatford in 2014 to empower STR entrepreneurs with the market intelligence they needed to thrive. Now, with growing offices in Denver and Barcelona, our range of solutions equip over 85,000 all-time customers across 65 countries to make data-driven decisions in this rapidly-growing industry which generated an estimated $113 billion in 2021.

For AirDNA, GLC Advisors served as financial advisors, and Scale LLP served as legal counsel. For Alpine, Morrison Foerster served as legal counsel.